When running a project or a contract, should material and sub-contract costs be recorded on the p&l or on the balance sheet as WIP.

In other words, the balance sheet must balance. Subtracting liabilities from assets shows the net worth of the business A basic tenet of double-entry bookkeeping is that total assets (what a ...

Historical cost accounting and mark-to-market, or fair value, accounting are two methods used to record the price or value of ...

Central banks no longer stand behind national currencies with the promise of repayment of their value in precious metals, ...

One of England's top-rated water companies is using an accounting trick to artificially inflate its balance sheet by more than a billion pounds, BBC Panorama has discovered. Severn Trent Water ...

But these are conspicuously missing from the Met’s balance sheet. The omission of the building is somewhat easier to explain. The Met states, in its accounting policy footnote on page 8 ...